Youth Cheap With Money Not With Time

Last week the Ypulse blog put up a post from Larry Weintraub, the CEO of Fanscape. In the post Weintraub recaps a panel he moderated on young people's music consumption at the Bandwidth Conference.

You should read the entire post, but here are some highlights:

• Youth Still Aren't Paying For Music...
• Concerts Are Cool, When They're Cheap
• But understand this, they love music. They consume more music than previous generations.
• The takeaway is that these young people have grown up in a generation where recorded music is traded, downloaded, and consumed with very little monetary exchange...

Young people today may not be exchanging much of their money for recorded music but they are giving their time.